License agreement should be used in a situation where the owner of intellectual property (Licensor) grants another party (Licensee) the right to use such intellectual property in accordance with the terms and conditions of the license agreement. Typically, the Licensee shall pay compensation for the right to use the Licensor’s IP (i.e. royalties or license fee).
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What is included in thearkhives License Agreement bilingual template:
| Main sections | Optional sections |
| Definitions Background and purpose Grant of license Intellectual property rights Term and termination Effect of termination Prevailing language Governing law & Dispute resolution Validity and signing | Royalty Minimum royalty One-time payment License fee One-time license fee No license fee Others |
Create your legal documents in just a few steps
With thearkhives, you can create a high-quality legal document online in just a few simple steps:
- Fill in the information online
- Send for an online review (if needed)
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All bilingual templates include:
- Integrated drafting guidance – to help you to understand the clauses
- Ready-made options – click and select
- AI-powered translation – you only need to fill in information in your own language
- Integrated E-signing (Only for Mainland China companies and individuals)
